AGNITIO secures € 5.5 million in second round of funding• Agnitio has secured €5.5 million of Series B funding led by Elaia Partners. The round also includes a significant participation of the current investor Nauta Capital
• Agnitio develops state-of-the-art voice biometric technology based on a text independent and language independent approach allowing automatic verification of a speaker’s identity.
• Elaia Partners is a Paris based independent venture capital firm with a targeted investment focus on digital technologies
• Nauta Capital manages venture capital funding specialized in investing in technology companies in Europe and USA.
Madrid, Spain – Agnitio, Nauta Capital (Nauta) and Elaia Partners (Elaia) today announced that Agnitio, a leading voice biometric company headquartered in Madrid, Spain, has completed a new capital increase of € 5.5 million. This second round of funding has been led by Elaia Partners and includes a significant participation of Nauta Capital, leader of the previous funding round of € 2.7 million in December 2007. Elaia’s participation in this funding round includes a co-investment of Neotec Capital Riesgo as a consequence of their recently announced partnership.
This second round of funding will allow Agnitio to further consolidate its leadership position in the voice biometric market by expediting its worldwide expansion plans. Agnitio’s vision is to accelerate growth in a rapidly expanding market. In addition, it reinforces Agnitio’s growth strategy in the medium and long term.
Xavier Lazarus, General Partner at Elaia Partners, “Agnitio has developed a suite of disruptive security products based on a leading edge voice biometric technology. Already leaders in Homeland Security, their offering also brings a new way of considering authentication to many markets, including the telecommunication or the home banking industries. This amazing combination of unique technology and strong market opportunities has convinced us to be part of this venture: We are building a new leader in security.”
Carles Ferrer, General Partner at Nauta Capital, "We are delighted that Agnitio has strengthened its leadership in the voice biometric space in 2008. We are completely satisfied with the incorporation of Elaia into Agnitio’s shareholding structure. It is a significant step towards Agnitio’s consolidation as a leader in its market segment”
Emilio Martinez, CEO at Agnitio, ‘We are delighted with achieving this second round of funding from Nauta and Elaia especially in the current climate of severe economic conditions. This is a momentous milestone for Agnitio in order to further achieve our goals and vision as one of the leading players in the voice biometric market.’
About Agnitio
Agnitio is a privately owned company with venture capital funding from Nauta Capital and Elaia Partners. It is the worldwide leader in voice biometrics for Homeland Security (HLS).
Agnitio's portfolio of products addresses a wide range of HLS and corporate applications. The company's technology was initially co-developed with some of the world's most reputable police organisations and is currently deployed in over 22 countries. With its capability of performing text independent voice verification in any language and across different voice channels, Agnitio provides the most advanced voice biometric technology currently available for the government and corporate sectors.
Agnitio was selected as the market leader for the Speech Security Market at the SpeechTek Awards 2008, recently held in New York. Agnitio has also been selected as a winner of the Red Herring 100 2007 Global Award, given to the 100 most promising technological start-ups in the world.
For further information please contact
Sapna Capoor, Director of Corporate Development and Strategy
Telephone Number: +44 (0) 7766338089
Email: scapoor@agnitio.es
http://www.agnitio.es
About Elaia Partners
Elaia Partners is a French independent venture capital firm focused on digital technologies. It has over € 65M under direct management and by delegation. The company works closely with the companies in its portfolio at all stages of development. For more information, please visit http://www.elaia.com
About Nauta Capital
Nauta Capital manages two Venture Capital entities, Nauta Tech Invest I, and Nauta Tech Invest II, with a total volume of €65 million. Nauta has offices in Barcelona and Boston and invests between €0.5M and €5M in companies in the Technology and Telecommunications sectors. Nauta’s target companies for investment are in their very early stage of development (Seed Capital) and until more advanced stages of development (series A and series B financing rounds). Nauta actively invests in Western Europe and the US. Its current portfolio is composed of 14 companies, 4 of which are based in the US, 1 in the UK and 9 in Spain. Nauta Capital is managed by 6 General Partners: Xavier Rubi., Marcel Rafart, Jordi Vi.as, Carles Ferrer, Daniel Sanchez and Dominic Endicott. For more information, please visit
http://www.nautacapital.com
• Agnitio develops state-of-the-art voice biometric technology based on a text independent and language independent approach allowing automatic verification of a speaker’s identity.
• Elaia Partners is a Paris based independent venture capital firm with a targeted investment focus on digital technologies
• Nauta Capital manages venture capital funding specialized in investing in technology companies in Europe and USA.
Madrid, Spain – Agnitio, Nauta Capital (Nauta) and Elaia Partners (Elaia) today announced that Agnitio, a leading voice biometric company headquartered in Madrid, Spain, has completed a new capital increase of € 5.5 million. This second round of funding has been led by Elaia Partners and includes a significant participation of Nauta Capital, leader of the previous funding round of € 2.7 million in December 2007. Elaia’s participation in this funding round includes a co-investment of Neotec Capital Riesgo as a consequence of their recently announced partnership.
This second round of funding will allow Agnitio to further consolidate its leadership position in the voice biometric market by expediting its worldwide expansion plans. Agnitio’s vision is to accelerate growth in a rapidly expanding market. In addition, it reinforces Agnitio’s growth strategy in the medium and long term.
Xavier Lazarus, General Partner at Elaia Partners, “Agnitio has developed a suite of disruptive security products based on a leading edge voice biometric technology. Already leaders in Homeland Security, their offering also brings a new way of considering authentication to many markets, including the telecommunication or the home banking industries. This amazing combination of unique technology and strong market opportunities has convinced us to be part of this venture: We are building a new leader in security.”
Carles Ferrer, General Partner at Nauta Capital, "We are delighted that Agnitio has strengthened its leadership in the voice biometric space in 2008. We are completely satisfied with the incorporation of Elaia into Agnitio’s shareholding structure. It is a significant step towards Agnitio’s consolidation as a leader in its market segment”
Emilio Martinez, CEO at Agnitio, ‘We are delighted with achieving this second round of funding from Nauta and Elaia especially in the current climate of severe economic conditions. This is a momentous milestone for Agnitio in order to further achieve our goals and vision as one of the leading players in the voice biometric market.’
About Agnitio
Agnitio is a privately owned company with venture capital funding from Nauta Capital and Elaia Partners. It is the worldwide leader in voice biometrics for Homeland Security (HLS).
Agnitio's portfolio of products addresses a wide range of HLS and corporate applications. The company's technology was initially co-developed with some of the world's most reputable police organisations and is currently deployed in over 22 countries. With its capability of performing text independent voice verification in any language and across different voice channels, Agnitio provides the most advanced voice biometric technology currently available for the government and corporate sectors.
Agnitio was selected as the market leader for the Speech Security Market at the SpeechTek Awards 2008, recently held in New York. Agnitio has also been selected as a winner of the Red Herring 100 2007 Global Award, given to the 100 most promising technological start-ups in the world.
For further information please contact
Sapna Capoor, Director of Corporate Development and Strategy
Telephone Number: +44 (0) 7766338089
Email: scapoor@agnitio.es
http://www.agnitio.es
About Elaia Partners
Elaia Partners is a French independent venture capital firm focused on digital technologies. It has over € 65M under direct management and by delegation. The company works closely with the companies in its portfolio at all stages of development. For more information, please visit http://www.elaia.com
About Nauta Capital
Nauta Capital manages two Venture Capital entities, Nauta Tech Invest I, and Nauta Tech Invest II, with a total volume of €65 million. Nauta has offices in Barcelona and Boston and invests between €0.5M and €5M in companies in the Technology and Telecommunications sectors. Nauta’s target companies for investment are in their very early stage of development (Seed Capital) and until more advanced stages of development (series A and series B financing rounds). Nauta actively invests in Western Europe and the US. Its current portfolio is composed of 14 companies, 4 of which are based in the US, 1 in the UK and 9 in Spain. Nauta Capital is managed by 6 General Partners: Xavier Rubi., Marcel Rafart, Jordi Vi.as, Carles Ferrer, Daniel Sanchez and Dominic Endicott. For more information, please visit
http://www.nautacapital.com
Set as favorite
Bookmark
Email This
Comments (0)
Subscribe to this comment's feedShare Your Views
